These are the stocks posting the largest moves in midday trading.
Check out the companies making headlines in midday trading. Uber Technologies — The ride-hailing giant fell more than 8% after posting mixed first-quarter results . The company's overall revenue exceeded expectations, coming in at $10.13 billion versus analysts' estimate of $10.11 billion, per LSEG. However, the company posted a loss of 32 cents per share. Analysts had forecasted earnings of 23 cents per share.
Meanwhile, net income fell on Coupang's acquisition of luxury online retailer Farfetch in January. Toast – The cloud-based restaurant management software company rallied 12% on the back of its earnings report. Toast posted first-quarter revenue of $1.08 billion, higher than analysts' estimates of $1.04 billion, per FactSet. Arista Networks – Shares jumped 7% after the company reported better-than-expected first quarter results. Arista reported $1.99 in earnings per share on $1.
Affirm Holdings Inc Teva Pharmaceutical Industries Ltd Teva Pharmaceutical Industries Ltd Match Group Inc Twilio Inc Dutch Bros Inc Tripadvisor Inc Arista Networks Inc Toast Inc Coupang Inc Rivian Automotive Inc Electronic Arts Shopify Inc Shopify Inc Reddit Inc Intel Corp Uber Technologies Inc Earnings Lyft Inc Market Insider Markets Economy Stock Markets Breaking News: Markets Business Business News
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